When tackling vendor management for any size institution, a comprehensive and tailored approach can more than help. AffirmX analyst Rachel Osborn introduces the AffirmX Vendor Management Solution tool, which offers to do just that. [3/11/16]

The latest action from NCUA is being met with great disappointment. In a letter to Congress, NCUA Chair Debbie Matz states that the earliest that the Agency  could provide credit unions with an 18-month exam cycle would be the end of 2017, explaining that it will take that long to adjust to regulatory improvements and build out systems to processes to support them. What? [3/11/17]

If you can’t get approved for a loan large enough to meet the needs of your small business, why not just have your employees and friends submit falsified loan applications to make up the shortfall? Because that can land you in jail. A member of Bell Community Credit Union is now facing three years in federal prison for bank fraud for making 15 false loan applications over a period of 14 months and has been ordered to pay restitution in the amount of $207,116. [3/11/16]

The FDIC’s Board of Directors will meet in open session on Tuesday, March 15, in pursuance with the Sunshine Act. The meeting will be webcast live here, and will be subsequently made available on-demand one week after the event. [3/11/16]

HUD’s Affirmatively Furthering Fair Housing (AFFH) rule aims to assist and further fair housing, and has pledged to create three assessment tools for its program participants. HUD is now requesting comments on the proposed State and Insular Area Assessment Tool, and has posted sample maps and tables to facilitate public input. [3/11/16]

Wire transfer hackers making nearly $1 billion in requests to move money misspelled "foundation," which caught the attention of the routing bank. But by that time, four transfers totaling more than $80 million had already slipped through. Perhaps now the attackers can afford a good editor. [3/11/16]

The chair of the Democratic National Committee is reportedly supporting a bill that would curb the authority of the CFPB to regulate payday loans. [3/11/16]

An informal CBA poll finds Clinton narrowly defeating Trump, 52% to 48%, in a mock election if the electorate were entirely banks. Conversely, an informal ICBA poll of bankers finds Trump crushing Clinton 83% to 17%. [3/11/16]

CFPB Director Cordray rejects J.G. Wentworth's petition to remove the CFPB's civil investigation demand, its third against the company in three years. "This means that the director of the CFPB is tasked with evaluating and ruling on CIDs issued by the agency he is in charge of. Therefore, it isn't surprising that, to date, the bureau has not made public any decisions to actually grant a petition to modify or set aside." [3/10/16]

And that's as specific as he would get in his remarks before the Consumer Bankers Association. He did go on to say that a rulemaking process on payday lending will begin "in the coming months." [3/10/16]